Last Updated: 19 Sep 2024
Executive Summary
Keysight Technologies Inc. (KEYS) is a leading provider of electronic test and measurement equipment and software. The company has a strong financial position, with revenue growing steadily over the past few years. KEYS is currently trading at $150.21, below its 52-week high of $162.51. Analysts are bullish on the stock, with a consensus target price of $169.11.
Company Overview
Keysight Technologies was founded in 1939 and is headquartered in Santa Rosa, California. The company has a global presence, with operations in over 100 countries. KEYS provides a wide range of products and services, including oscilloscopes, signal generators, network analyzers, and software. The company's products are used in a variety of industries, including telecommunications, aerospace, defense, and automotive.
Fundamental Analysis
KEYS has a strong financial position, with revenue growing steadily over the past few years. In the most recent quarter, the company reported revenue of $500.3 million, up 0.38% year-over-year. KEYS is also profitable, with a net income of $118.7 million in the most recent quarter. The company's gross margin is 70.6%, and its operating margin is 17.1%. KEYS has a strong balance sheet, with total assets of $4.7 billion and total debt of $1.2 billion. The company's current ratio is 1.5, and its debt-to-equity ratio is 0.25.
Technical Analysis
KEYS is currently trading at $150.21, below its 52-week high of $162.51. The stock has been in a downtrend since early 2023, and it is currently testing its 200-day moving average. The relative strength index (RSI) is currently at 35.9, which indicates that the stock is oversold. The moving average convergence divergence (MACD) is also negative, which indicates that the stock is likely to continue to decline in the short term.
Short Term Outlook
In the short term, KEYS is likely to continue to decline. The stock is currently testing its 200-day moving average, and the RSI and MACD are both negative. However, the stock is oversold, and it could be due for a bounce. If the stock can break above its 200-day moving average, it could rally to its 50-day moving average.
Long Term Outlook
In the long term, KEYS is a good investment. The company has a strong financial position, and it is a leader in its industry. The company's products are used in a variety of industries, and they are essential for the development of new technologies. KEYS is also a dividend-paying stock, and it has a history of increasing its dividend over time.
Analyst Recommendations
Analysts are bullish on KEYS. The consensus target price is $169.11, which represents a potential upside of 12.6% from the current price. Two analysts have a strong buy rating on the stock, six have a buy rating, three have a hold rating, and one has a sell rating.
